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Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed "what it means to build and run a company"; XYZ jumps 23%+ after hours (Annie Palmer/CNBC) from Techmeme RSS feed.
Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed "what it means to build and run a company"; XYZ jumps 23%+ after hours (Annie Palmer/CNBC)
Annie Palmer / CNBC:
Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 23%+ after hours — Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.